Truist lowered the firm’s price target on Polaris to $100 from $125 and keeps a Hold rating on the shares. The analyst cites the company’s “lackluster” Q3 print and FY23 guidance cut, also noting that while certain elements of the miss and guide-down were timing related, Truist prefers to have greater visibility into FY24 earnings power before taking a more constructive stance on shares.
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